Tech companies are pouring in billions of dollars to capture the lucrative market for satellite-based connectivity, but it will be a tall order to match Starlink's 10,000-unit-strong network.
The satellite connectivity race has shifted into high gear.
Amazon plans to expand the capabilities of the Amazon Leo low Earth orbit satellite network by acquiring mobile satellite services operator Globalstar.

Amazon to Buy Globalstar for $11.6 Billion

11:56am, Tuesday, 14'th Apr 2026
Amazon has agreed to buy satellite operator Globalstar in a deal worth roughly $11.6 billion, marking its largest acquisition since the 2017 purchase of Whole Foods. The deal could help Amazon compete
AMZN rides on AI-fueled AWS surge as backlog hits $244B, but a $200B capex plan raises questions about margins and returns ahead.
Amazon's deal for satellite operator Globalstar doesn't just bulk up Amazon Leo — it brings Apple along for the ride, with a long-term agreement to power iPhone and Apple Watch satellite features.
Amazon (NASDAQ:AMZN | AMZN Price Prediction) carries a Hold-equivalent profile at $245.

Amazon Could Explode Higher After Earnings

10:54am, Tuesday, 14'th Apr 2026
Amazon.com, Inc. broke out above key technical levels following a bullish Shareholder Letter highlighting AWS AI revenue, custom silicon, and capex transparency. AWS's AI revenue run rate has hit $15B
Amazon.com Inc (NASDAQ:AMZN) has agreed to acquire Globalstar Inc (NASDAQ:GSAT) in a deal aimed at expanding its satellite telecommunications connectivity, including powering emergency features on A
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Globalstar's stock is heading toward an 18-year high on the back of an Amazon buyout deal, and has quadrupled over the past 12 months.
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Amazon (AMZN) is rated 'Strong Buy' due to its compelling long-term growth, margin expansion, and hidden free cash flow potential. After a $200 billion 2026 capex shock, Andy Jassy's shareholder lette
Something interesting is happening in the satellite space right now, and if you're an investor, it's worth paying attention.
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